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  • #673,861
  • Aug 1, 2012 2:58am Aug 1, 2012 2:58am
Quoting Dayboy001
2600 I couldn't hold a trade that long if my life depended on it !!

G/L
Hi Dayboy001

Just wondering what position would u take at this time for EU or GU?
Just trying to understand, thanks
  • #673,862
  • Aug 1, 2012 3:03am Aug 1, 2012 3:03am
Dayboy please explain how you can have 3 clear rejections in the hour and still the damn thing won't go down Kiwi Killer ANYBODY!
  • #673,863
  • Aug 1, 2012 3:03am Aug 1, 2012 3:03am
Here are my reasons for a Short at current levels:

1- Daily Trendline Resistance: 1.2357.

2- FIB resistance on weekly: 1.2329

3- H4 - Bull Trendline broken on last candle, now providing Resistance: 1.2320

4- Target: 2231(close enough of position to cover SL or move SL to BE + brokerage), next: 2150(this is T1 for me) and 1.1915-----(indicated by H&S pattern on Daily from a few weeks back.)

5- Assuming SL: 1.2372(adjusting for slip) Risk-Reward: 62/160 = 1:2.58

I have also factored in Fundamentals which I won't bore everyone with.
  • #673,864
  • Aug 1, 2012 3:05am Aug 1, 2012 3:05am
Quoting chandresh
Hi Dayboy001

Just wondering what position would u take at this time for EU or GU?
Just trying to understand, thanks
none at this moment !!

I like them to be moving together and they seem a little out of whack to me.

No clear signals from me I 'm afraid

I am flat, also wary that it is start of the month.

G/L
  • #673,865
  • Aug 1, 2012 3:10am Aug 1, 2012 3:10am
Quoting Dayboy001
2600 I couldn't hold a trade that long if my life depended on it !!

G/L
Thank you ..
  • #673,866
  • Aug 1, 2012 3:10am Aug 1, 2012 3:10am
Quoting iNSIELD
Dayboy please explain how you can have 3 clear rejections in the hour and still the damn thing won't go down Kiwi Killer ANYBODY!
*IN MY OPINION*

start of the month is always dodgy, big companies are placing their longer term positions (works opposite for last day of the month too).

People in companies are accountable and have to present figures on monthly basis.

The crux of it is companies looking to long this month will be entering orders as it drops getting what they believe are potentially good positions.
  • #673,867
  • Aug 1, 2012 3:11am Aug 1, 2012 3:11am
why she just kiss my [email protected], only for 5micro lots not good. -11 pips.
just live a life, don't be hard.
  • #673,868
  • Aug 1, 2012 3:13am Aug 1, 2012 3:13am
Quoting Dayboy001
*IN MY OPINION*

start of the month is always dodgy, big companies are placing their longer term positions (works opposite for last day of the month too).

People in companies are accountable and have to present figures on monthly basis.

The crux of it is companies looking to long this month will be entering orders as it drops getting what they believe are potentially good positions.
Thank u Dayboy
  • #673,869
  • Aug 1, 2012 3:13am Aug 1, 2012 3:13am
It dont look good for the shorts wow man o man this is unbelievable
  • #673,870
  • Aug 1, 2012 3:16am Aug 1, 2012 3:16am
Quoting iNSIELD
It dont look good for the shorts wow man o man this is unbelievable
what do you mean?
  • #673,871
  • Aug 1, 2012 3:18am Aug 1, 2012 3:18am
Quoting iNSIELD
It dont look good for the shorts wow man o man this is unbelievable
nothing looks good at the moment action barely covering spread

need price to move out of this 1.2302 - 1.2313 range
  • #673,872
  • Aug 1, 2012 3:18am Aug 1, 2012 3:18am
DZA the fact this continues to hold above 1.23 with 3 very Clear rejections on the 1 hour chart and still is holding above. I'd be very scared to short but at the same time I don't think their is a long here either really no serious trade situation at the moment
  • #673,873
  • Aug 1, 2012 3:18am Aug 1, 2012 3:18am
ur absolutely right Day
  • #673,874
  • Aug 1, 2012 3:18am Aug 1, 2012 3:18am
Quoting shaukat113
why she just kiss my [email protected], only for 5micro lots not good. -11 pips.
don't worry that will happen many times ,..any way how is the fast going?
Sometimes it's better to be wrong,to learn..
  • #673,875
  • Aug 1, 2012 3:19am Aug 1, 2012 3:19am
Quoting Dayboy001
none at this moment !!

I like them to be moving together and they seem a little out of whack to me.


G/L
Gr8, thnks for the good point.
(dont know but i just keep loosing all the time so learning from all u)
  • #673,876
  • Aug 1, 2012 3:19am Aug 1, 2012 3:19am
Quoting shaukat113
why she just kiss my [email protected], only for 5micro lots not good. -11 pips.
Because you did not adjust your stop for spread and slip.

Try adding atleast 14 pips to your stop for slip and spread. Slip is increasing a little these past few days but 14 is still in range.
  • #673,877
  • Aug 1, 2012 3:22am Aug 1, 2012 3:22am
Quoting tech_dream
Here are my reasons for a Short at current levels:

1- Daily Trendline Resistance: 1.2357.

2- FIB resistance on weekly: 1.2329

3- H4 - Bull Trendline broken on last candle, now providing Resistance: 1.2320

4- Target: 2231(close enough of position to cover SL or move SL to BE + brokerage), next: 2150(this is T1 for me) and 1.1915-----(indicated by H&S pattern on Daily from a few weeks back.)

5- Assuming SL: 1.2372(adjusting for slip) Risk-Reward: 62/160 = 1:2.58

I have also factored in Fundamentals which I won't bore everyone with....
And sentiment?
"Men who can both be right and sit tight are uncommon."
  • #673,878
  • Aug 1, 2012 3:23am Aug 1, 2012 3:23am
2311 - 2316......... why ????/?? totally confused i am .....
  • #673,879
  • Aug 1, 2012 3:24am Aug 1, 2012 3:24am
how long we going to struck in this assassination zone ?
Mohan
  • #673,880
  • Aug 1, 2012 3:26am Aug 1, 2012 3:26am
I AM FLAT AND STAYING FLAT

but would assume first push will be fake would be inclined to scalp 10 -12 here

edit also poss on GBP
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